Lowe’s, Tibet Pharma, Cheniere, Dendreon Stocks Attracting Trader Demand Feb. 27th
Lowe’s Companies, Inc. (NYSE:LOW): On the Q4 conference call, Lowe’s exec says consumers increasingly shopping across channels. The company also says well positioned to drive SSS growth in 2012. Shares of Lowe’s Companies, Inc. are trading 3.06% higher today.
Tibet Pharmaceuticals, Inc. (NASDAQ:TBET): CEO Hong Yu said, “In view of market bias towards Chinese companies listed in U.S. stock exchange and our past stock performance, I hereby make an offer to purchase TBET stocks not owned by me for $3.00 per share in cash.” The company also responded to responded to an unnamed website regarding its entity’s assets. Yu continued, “In recent days, we noticed thata website mentioned about auctioning our operating entity’s assets. These wereuntrue and incorrect announcements. Our company is in normal business operation. We’re conducting our investigation on this mistaken report, and will keep our investors informed onthe investigation result.” Shares of Tibet Pharmaceuticals, Inc. are trading 193.19% higher today.
Cheniere Energy, Inc. (NYSEAMEX:LNG): Cheniere Energy (AMEX:LNG) shares are jumping 20% to $16.99 after Cheniere Energy Partners (AMEX:CQP) confirmed that it has entered into an arrangement with Blackstone (NYSE:BX) under which Blackstone would purchase newly issued CQP Senior Subordinated Paid-in-Kind Units for $2B. CQP said it would use the proceeds to fund the developing, constructing and placing into service its Sabine Pass liquefaction project being developed at the Sabine Pass LNG terminal, the purchase of the Creole Trail pipeline from Cheniere Energy and other partnership business purposes. Shares of Cheniere Energy, Inc. are trading 10.46% higher today.
Dendreon Corporation (NASDAQ:DNDN): Reports Q4 revenue $202.15M, consensus $120.8M. Q4 included a royalty payment of $125M associated with the sale of its VICTRELIS royalty interest. Shares of Dendreon Corporation are trading 13.93% lower today.
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